Displaying strikes between bids and asks in a market over time using polygons
View Patent ↗A system for displaying strikes between bids and asks in a market over time includes a computer system. The computer system receives data for a plurality of strikes reflecting values specified in the strikes for a plurality of strike variables. The computer system generates a display of the received data. The display includes multiple polygons each representing a strike between a bid and an ask. Each polygon includes multiple contiguous parallelograms each associated with one or more different strike variables. One or more dimensions of each parallelogram each reflecting a value specified in the represented strike for a strike variables associated with the parallelogram. The display includes a strike variable axis representing a range of values for an additional strike variable. Each polygon is positioned with respect to the strike variable axis according to the value specified in the represented strike for the additional strike variable. The display includes a time axis with respect to which each polygon is positioned according to the time at which the represented strike occurred.
1. A computer-implemented method, comprising:
receiving, by a computer, bids for one or more items from a plurality of buyer computer systems;
receiving, by the computer, asks for one or more items from a plurality of seller computer systems;
generating, by the computer, a plurality of strikes representing a strike between a bid and an ask for an item, wherein the plurality of strikes specify values for a plurality of strike variables;
determining, by the computer, a first value specified in one of the plurality of strikes for a first strike variable;
determining, by the computer, a second value specified in one of the plurality of strikes for a second strike variable;
determining, by the computer, a third value specified in one of the plurality of strikes for a third strike variable;
determining, by the computer, a fourth value specified in one of the plurality of strikes for a fourth strike variable; and
communicating, by the computer, the determined values for the plurality of strike variables for the item to the buyer and seller computer system.
2. The method of claim 1 , further comprising:
generating a display of the received data, the display comprising:
a plurality of polygons, each polygon representing the strike between the bid and the ask, each polygon comprising first and second contiguous parallelograms each associated with one or more different strike variables, a first dimension of the first parallelogram reflecting the first value specified in the represented strike for the first strike variable, a second dimension of the first parallelogram reflecting the second value specified in the represented strike for the second strike variable, a first dimension of the second parallelogram reflecting the third value specified in the represented strike for the third strike variable, and a second dimension of the second parallelogram reflecting the fourth value specified in the represented strike for the fourth strike variable;
a strike variable axis representing a range of values for an additional strike variable for which no value is reflected in the parallelograms, wherein the strike variable axis is vertical and each polygon is positioned with respect to the strike variable axis according to the value specified in the represented strike for the additional strike variable represented by the strike variable axis; and
a time axis that is perpendicular to the strike variable axis, each polygon positioned with respect to the time axis according to a time at which the represented strike occurred.
3. The method of claim 2 , wherein a user selects the strike variables for which values are reflected in the parallelograms and selects the additional strike variable represented by the strike variable axis.
4. The method of claim 2 , wherein the method comprises switching the additional strike variable represented by the strike variable axis with one of the strike variables for which values are reflected in the parallelograms in response to user input.
5. The method of claim 2 , wherein the strike variables for which values are specified in the strikes comprise strike price, strike quantity, and at least one additional strike variable.
6. The method of claim 2 , wherein:
the strike variable axis represents a fifth strike variable and includes a range of values for the fifth strike variable;
the time axis is horizontal; and
each polygon is positioned with respect to the strike variable axis such that the border between the two contiguous parallelograms forming the polygon is aligned with a point along the strike variable axis corresponding to the value specified in the represented offer for the fifth strike variable.
7. The method of claim 6 , wherein the fifth strike variable comprises strike price.
8. The method of claim 2 , further comprising:
generating a filter comprising one or more strike criteria;
generating a first window within the display, the first window comprising polygons representing strikes without regard to whether the strikes meet the strike criteria within the filter; and
generating a second window within the display, the second window comprising only polygons representing strikes that meet the strike criteria within the filter.
9. The method of claim 8 , wherein the strike criteria comprise at least one value specified in a strike within a range of values and at least one of the bid and the ask matched to form a strike from an approved market participant.
10. The method of claim 2 , wherein the strike criteria are provided by a user.
11. The method of claim 2 , wherein the market comprises an exchange-based market.
12. Software embodied in computer-readable storage media and when executed configured to:
receive bids for one or more items from a plurality of buyer computer systems;
receive asks for one or more items from a plurality of seller computer systems;
generate a plurality of strikes representing a strike between a bid and an ask for an item, wherein the plurality of strikes specify values for a plurality of strike variables;
determine a first value specified in one of the plurality of strikes for a first strike variable;
determine a second value specified in one of the plurality of strikes for a second strike variable;
determine a third value specified in one of the plurality of strikes for a third strike variable;
determine a fourth value specified in one of the plurality of strikes for a fourth strike variable; and
communicate the determined values for the plurality of strike variables for the item to the buyer and seller computer system.
13. The software of claim 12 , further configured to:
generate a display of the received data, the display comprising:
a plurality of polygons, each polygon representing the strike between the bid and the ask, each polygon comprising first and second contiguous parallelograms each associated with one or more different strike variables, a first dimension of the first parallelogram reflecting the first value specified in the represented strike for the first strike variable, a second dimension of the first parallelogram reflecting the second value specified in the represented strike for the second strike variable, a first dimension of the second parallelogram reflecting the third value specified in the represented strike for the third strike variable, and a second dimension of the second parallelogram reflecting the fourth value specified in the represented strike for the fourth strike variable;
a strike variable axis representing a range of values for an additional strike variable for which no value is reflected in the parallelograms, wherein the strike variable axis is vertical and each polygon is positioned with respect to the strike variable axis according to the value specified in the represented strike for the additional strike variable represented by the strike variable axis; and
a time axis that is perpendicular to the strike variable axis, each polygon positioned with respect to the time axis according to a time at which the represented strike occurred.
14. The software of claim 13 , wherein a user selects the strike variables for which values are reflected in the parallelograms and selects the additional strike variable represented by the strike variable axis.
15. The software of claim 13 , wherein the method comprises switching the additional strike variable represented by the strike variable axis with one of the strike variables for which values are reflected in the parallelograms in response to user input.
16. The software of claim 13 , wherein the strike variables for which values are specified in the strikes comprise strike price, strike quantity, and at least one additional strike variable.
17. The software of claim 13 , wherein:
the strike variable axis represents a fifth strike variable and includes a range of values for the fifth strike variable;
the time axis is horizontal; and
each polygon is positioned with respect to the strike variable axis such that the border between the two contiguous parallelograms forming the polygon is aligned with a point along the strike variable axis corresponding to the value specified in the represented offer for the fifth strike variable.
18. The software of claim 17 , wherein the fifth strike variable comprises strike price.
19. The software of claim 13 , further configured to:
generate a filter comprising one or more strike criteria;
generate a first window within the display, the first window comprising polygons representing strikes without regard to whether the strikes meet the strike criteria within the filter; and
generate a second window within the display, the second window comprising only polygons representing strikes that meet the strike criteria within the filter.
20. The software of claim 19 , wherein the strike criteria comprise at least one value specified in a strike within a range of values and at least one of the bid and the ask matched to form a strike from an approved market participant.
21. The software of claim 13 , wherein the strike criteria are provided by a user.
22. The software of claim 13 , wherein the market comprises an exchange-based market.